Brown James Keith 4

What Happened

• Brown James Keith, a director of Vertical Aerospace Ltd. (EVTL), received a grant of 29,481 restricted stock units (RSUs) on July 1, 2026 (reported as a derivative acquisition, Code A). The RSUs were granted at $0.00 (no cash cost to the insider).
• On the same date, 434 shares were disposed (Code F) at $1.74 per share to satisfy tax withholding obligations, reported as a $755 withholding payment.

Key Details

• Transaction date: 2026-07-01; RSU grant recorded at $0.00 per share; tax-withholding disposal: 434 shares @ $1.74 = $755.
• Shares owned after transaction: not specified in the filing.
• Footnote: The RSUs will vest on December 31, 2026, and have no expiration date (F1).
• Filing date: 2026-07-06 for a 2026-07-01 transaction — this appears to be later than the standard 2-business-day Form 4 deadline, so the filing may be late.

Context

• The primary event is an equity award (RSUs), not a market purchase — awards are compensation and do not necessarily indicate the insider’s view on the stock. The 434-share disposition is a routine tax-withholding action tied to the grant (Code F), not an open-market sale.
• The RSUs vest on the stated future date (Dec 31, 2026); until then they remain subject to vesting conditions and are classified as derivative awards.